logo
#

Latest news with #atRisk

Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement
Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement

Scottish Sun

time25-04-2025

  • Business
  • Scottish Sun

Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement

The owner of the West Midlands site is gutted to see it go SHUTTING DOWN Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) AN ICONIC town centre venue will close in just a few days as its boss reveals an emotional announcement. The high street staple warned "there will be redundancies " after the shock statement was shared. Sign up for Scottish Sun newsletter Sign up 2 The Prince of Wales Centre in Cannock, Staffordshire, announced its shock closure Credit: Alamy 2 Its final play will be shown at the end of this month Credit: Getty The Prince of Wales Theatre in Staffordshire, will be hosting its final show on April 29. Based in the heart of Cannock, the legendary venue showcased a range of performances from live music and theatre to cultural events. Richard Kay, manager at the Prince of Wales Theatre, Cannock, said: "It's emotional. "In many cases and especially in my staff here, they are here for the environment and the joy rather than the money. "I think when you work in an environment like this, there is a real and genuine passion for theatre and entertainment that is shown by everyone." The beloved theatre was put at risk after the district council implemented measures to protect essential frontline services. However, despite the disappointing announcement, there are negotiations in the works to prevent the site from being scrapped. The Cannock Theatre Trust is being gifted £7,000 from a grant program in a bid to keep it open. A grant programme worth almost £75,000 was divvied up between 10 venues to receive a share of the cash. Joshua McTaggart, CEO of Theatres Trust said the organisation is "thrilled" to be supporting the creative venue. He said: "All the theatres on our Theatres at Risk Register are special buildings that have real potential to bring joy and opportunities to their communities. Car dealership abruptly closes after 60 years with customers' vehicles trapped inside as they find note on door "We are thrilled to support 10 of these fantastic theatres with essential strategic projects that will lay the foundations for their revival." Currently, The Prince of Wales Theatre is undergoing some construction and the treasurer is "very confident" that the theatre will reopen next year. For those keen to keep their theatre up and running shows should be back on in summer or autumn of 2026. Unfortunately for the entertainment industry, with rising prices and declining footfall, many sites are being forced to close. Both theatres and cinemas are in the cost of living crossfire, with many venues forced to hike ticket prices and risk a loss of business. TOUGH TIME FOR CINEMA CHAINS Last year Cineworld announced the closure of a handful of sites as part of a major restructuring plan to keep the company's head above water. In October, a judge gave the go-ahead for £16million to be injected into Cineworld's four companies which form the business. Cineworld has bolstered its financial position further by gaining access to additional funding, including £40 million in liquidity. Alongside this, the company is set to invest up to £35 million in capital expenditures, focusing on the refurbishment and enhancement of existing cinemas. This development follows a long period of trouble at Cineworld. Just last year, the business emerged from Chapter 11 bankruptcy in the US. Filing for a Chapter 11 bankruptcy means a company intends to reorganise its debts and assets while remaining in business. The company's shares plunged almost 99 per cent in the five years to 2023, as it was hit particularly hard by the pandemic and the enforced closure of its cinema sites. Shortly after, Cineworld's UK arm collapsed into administration on July 31 lat year. The cinema chain was de-listed from the London Stock Exchange a day later.

Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement
Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement

The Sun

time25-04-2025

  • Business
  • The Sun

Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement

AN ICONIC town centre venue will close in just a few days as its boss reveals an emotional announcement. The high street staple warned "there will be redundancies " after the shock statement was shared. 2 2 The Prince of Wales Theatre in Staffordshire, will be hosting its final show on April 29. Based in the heart of Cannock, the legendary venue showcased a range of performances from live music and theatre to cultural events. Richard Kay, manager at the Prince of Wales Theatre, Cannock, said: "It's emotional. "In many cases and especially in my staff here, they are here for the environment and the joy rather than the money. "I think when you work in an environment like this, there is a real and genuine passion for theatre and entertainment that is shown by everyone." The beloved theatre was put at risk after the district council implemented measures to protect essential frontline services. However, despite the disappointing announcement, there are negotiations in the works to prevent the site from being scrapped. The Cannock Theatre Trust is being gifted £7,000 from a grant program in a bid to keep it open. A grant programme worth almost £75,000 was divvied up between 10 venues to receive a share of the cash. Joshua McTaggart, CEO of Theatres Trust said the organisation is "thrilled" to be supporting the creative venue. He said: "All the theatres on our Theatres at Risk Register are special buildings that have real potential to bring joy and opportunities to their communities. Car dealership abruptly closes after 60 years with customers' vehicles trapped inside as they find note on door "We are thrilled to support 10 of these fantastic theatres with essential strategic projects that will lay the foundations for their revival." Currently, The Prince of Wales Theatre is undergoing some construction and the treasurer is "very confident" that the theatre will reopen next year. For those keen to keep their theatre up and running shows should be back on in summer or autumn of 2026. Unfortunately for the entertainment industry, with rising prices and declining footfall, many sites are being forced to close. Both theatres and cinemas are in the cost of living crossfire, with many venues forced to hike ticket prices and risk a loss of business. TOUGH TIME FOR CINEMA CHAINS Last year Cineworld announced the closure of a handful of sites as part of a major restructuring plan to keep the company's head above water. In October, a judge gave the go-ahead for £16million to be injected into Cineworld 's four companies which form the business. Cineworld has bolstered its financial position further by gaining access to additional funding, including £40 million in liquidity. Alongside this, the company is set to invest up to £35 million in capital expenditures, focusing on the refurbishment and enhancement of existing cinemas. This development follows a long period of trouble at Cineworld. Just last year, the business emerged from Chapter 11 bankruptcy in the US. Filing for a Chapter 11 bankruptcy means a company intends to reorganise its debts and assets while remaining in business. The company's shares plunged almost 99 per cent in the five years to 2023, as it was hit particularly hard by the pandemic and the enforced closure of its cinema sites. Shortly after, Cineworld's UK arm collapsed into administration on July 31 lat year. The cinema chain was de-listed from the London Stock Exchange a day later.

Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement
Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement

The Irish Sun

time25-04-2025

  • Entertainment
  • The Irish Sun

Iconic town centre venue to close for good in days with jobs axed as boss issues emotional statement

AN ICONIC town centre venue will close in just a few days as its boss reveals an emotional announcement. The high street staple warned "there will be redundancies " after the shock statement was shared. Advertisement 2 The Prince of Wales Centre in Cannock, Staffordshire, announced its shock closure Credit: Alamy 2 Its final play will be shown at the end of this month Credit: Getty The Prince of Wales Theatre in Staffordshire, will be hosting its final show on April 29. Based in the heart of Cannock, the legendary venue showcased a range of performances from live music and theatre to cultural events. Richard Kay, manager at the Prince of Wales Theatre, Cannock , said: "It's emotional. " In many cases and especially in my staff here, they are here for the environment and the joy rather than the money. Advertisement "I think when you work in an environment like this, there is a real and genuine passion for theatre and entertainment that is shown by everyone." The beloved theatre was put at risk after the district council implemented measures to protect essential frontline services. However, despite the disappointing announcement, there are negotiations in the works to prevent the site from being scrapped. The Cannock Theatre Trust is being gifted £7,000 from a grant program in a bid to keep it open. Advertisement Most read in Uncategorized A grant programme worth almost £75,000 was divvied up between 10 venues to receive a share of the cash. Joshua McTaggart, CEO of Theatres Trust said the organisation is "thrilled" to be supporting the creative venue. He said: "All the theatres on our Theatres at Risk Register are special buildings that have real potential to bring joy and opportunities to their communities. Car dealership abruptly closes after 60 years with customers' vehicles trapped inside as they find note on door "We are thrilled to support 10 of these fantastic theatres with essential strategic projects that will lay the foundations for their revival." Advertisement Currently, The Prince of Wales Theatre is undergoing some construction and the treasurer is "very confident" that the theatre will reopen next year. For those keen to keep their theatre up and running shows should be back on in summer or autumn of 2026. Unfortunately for the entertainment industry, with rising prices and declining footfall, many sites are being forced to close. Both theatres and cinemas are in the cost of living crossfire, with many venues forced to hike ticket prices and risk a loss of business. Advertisement TOUGH TIME FOR CINEMA CHAINS Last year Cineworld announced the closure of a handful of sites as part of a major restructuring plan to keep the company's head above water. In October, a judge gave the go-ahead for £16million to be injected into Cineworld's four companies which form the business. Cineworld has bolstered its financial position further by gaining access to additional funding, including £40 million in liquidity. Alongside this, the company is set to invest up to £35 million in capital expenditures, focusing on the refurbishment and enhancement of existing cinemas. Advertisement This development follows a long period of trouble at Cineworld. Just last year, the business emerged from Chapter 11 bankruptcy in the US. Filing for a Chapter 11 bankruptcy means a company intends to reorganise its debts and assets while remaining in business. The company's shares plunged almost 99 per cent in the five years to 2023, as it was hit particularly hard by the pandemic and the enforced closure of its cinema sites. Advertisement Read more on the Irish Sun Shortly after, Cineworld's UK arm collapsed into administration on July 31 lat year. The cinema chain was de-listed from the London Stock Exchange a day later.

Restoration of Coventry's listed summer houses nears completion
Restoration of Coventry's listed summer houses nears completion

BBC News

time08-02-2025

  • General
  • BBC News

Restoration of Coventry's listed summer houses nears completion

The renovation and restoration of three 19th Century summer houses in Coventry is expected to be completed by the spring, the city council Grade II listed buildings are within the Grade II* Registered Park and Garden at Stoney Road Allotments in fallen into disrepair, the summer houses are the last remaining plots of the Park Gardens, established 200 years site is one of only four remaining detached Victorian town gardens that are listed on Historic England's Register of Parks and Gardens of Special Historic Interest. Historic England provided a £250,000 grant for the restoration of the buildings. Councillor Naeem Akhtar, cabinet member with responsibility for heritage, said: "It's wonderful to see the work that is being done and I am really looking forward to returning once the restoration is completed."We are really grateful to Historic England for their generous support. We also value the support of the Railway Heritage Trust and Network Rail."There has been a lot of interest in this project, and it highlights the value we have for a wide range of heritage buildings in the city."The site is still actively used as allotments and sub-tenanted by the Stoney Road Gardens Association (SRGA).Louise Brennan, Historic England's regional director for the Midlands, said: "It is amazing to see the original features of the gardens restored."The Heritage at Risk funding has meant that three of the grade II listed Summerhouses have received complete repairs to the building structures, including replacement roofs, new windows and doors, reconstruction of walls with lime mortar and original bricks, timber frame restoration, and other internal repairs."And it's brilliant that it's all been achieved using traditional methods and materials, restoring the summerhouses to their original form." Follow BBC Coventry & Warwickshire on BBC Sounds, Facebook, X and Instagram.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store